Great uptrend going on with Ascending Triangle Bullish BreakoutVery Bullish on BYND this week, PT at sub 140s
BYND trade ideas
BYND Long, Gap into DemandDown below rectangle consolidation
Gap into Demand
Demand Confirmation
entry 121
stop 111
target: 165; Reward:Risk=4:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
$BYND Looking for Reversal In Beyond meat
What a horrible day for BYND investors as the company announced some below par
numbers for the quarter, that came on top of a intraday decline on MCD news.
In teh afterhours the stock did find support on the Fibonacci Golden pocket and has since bounced 10% .
The stock is very oversold and the earnings call may have eased some fears .
The fact that the stock needs 50% to climb back to Oct highs may attract some bargain hunters.
Is the stock can reclaim the 200ma on good volume $141 would be the next significant target
$BYND dumpy dumppost earnings, this thing dumped below 200 MA and all the way to earnings gap from May 2020 (105 level). This is also the level before it gaps up after June 2019 earnings. If this level won't hold up only bad things can happen, 101-98 range, 88, 83 and so on. 105 - 125 is choppy chop area
BYND BullishBIG reversal on Mc Plant news. Usually when a stock tanks then reversed to go positive that is a very bullish sign.
THE WEEK AHEAD: DKNG, BYND, LYFT EARNINGS; XOP, GDXJ, SLV, QQQEARNINGS ANNOUNCEMENT VOLATILITY CONTRACTION PLAYS:
WKHS (18/146/38.8%),* Monday, before market open.
PLUG (32/100/25.6%), Monday, before market open.
DKNG (32/89/23.6%), Friday, before market open.
CGC (39/132/23.5%), Monday, before market open.
BYND (32/77/18.9%), Monday, after market close.
LYFT (16/71/18.0%), Tuesday after market close.
Pictured here is a BYND December 18th 130/200 short strangle that was paying 7.95 at the mid price as of Friday close, with the short legs camped out at the 18 delta. This yields at or greater than two times expected move break evens and a delta/theta metric of -.58/23.86.
Alternative Defined Risk Setup: BYND December 18th 125/130/200/205 iron condor, paying 1.59 at the mid price as of Friday close with break evens at the expected move on the put side/greater than 2 x the expected on the call and delta/theta metrics of .96/2.45.
Unfortunately, WKHS, PLUG, and CGC all announce on Monday before the open, so any play would've been best put on before the end of Friday's session, although they could still be playable after they make their earnings announcement move.
LYFT: Short straddle or iron fly.
DKNH: Short strangle or iron condor.
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING:
XOP (14/53/14.1%)
USO (9/57/13.4%)
GDXJ (16/47/12.9%)
SLV (38/50/12.7%)
GDX (16/39/10.9%)
EWZ (17/41/10.7%)
XLE (25/41/10.6%)
BROAD MARKET RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING:
QQQ (25/30/7.2%)
IWM (24/29/7.2%)
SPY (19/24/6.0%)
EFA (21/21/5.3%)
IRA DIVIDEND EARNERS RANKED BY PERCENTAGE OF STOCK PRICE THE DECEMBER AT-THE-MONEY SHORT STRADDLE IS PAYING:
SLV (38/50/12.7%)**
EWZ (17/41/10.7%)
XLE (25/41/10.6%)
KRE (22/39/10.5%)
* -- The first metric is the implied volatility rank or percentile (i.e., where 30-day implied volatility is relative to where it's been over the past 52 weeks); the second, 30-day implied volatility as of Friday close; and the third, what the December at-the-money short straddle is paying as a percentage of stock price.
** -- Neither SLV nor GLD pay a dividend.
BYND LONG ENTRY BULLISH SHARK HARMONIC, PCZ is either the 886 or the 1.13. I will be looking for longs at the 886, of course given there is at least a bullish div (RSI/ MACD) on the 4H or above. Stop slightly below X.
BYND analysisBuy levels: over $158.94 and at $155
Resistance levels: $158 and $158.94 and $161
Support levels: $155
Cut loss: Below $155
Earnings date: 11/09
Estimated Move: +2.5789%
Price targets: $161 and $168
Analysis: BYND is trading in a channel up pattern at a crucial support level. Starting a position above that $155 support level is not a bad idea going into earnings monday after hours.. Quick day trade.(More in depth technical analysis in video)
ABC BullishPattern only valid after long entry (LE) level
Possible stop below C
Not quite to long entry level.
This is not a stock I trade but I do know lots do.
NV is low but OBV is high
Not a recommendation
Often easier to see through the rearview mirror than the windshield (o:
BYND aka Beyond Meat's chart shows it can be a good buyBYND aka Beyond Meat's chart shows it can be a good buy
Facing ResistanceWe have arrived at the MA again. The upward pressure for BYND remains weak, however.
Does BYND Keep Failing?Even with earnings coming soon? I think the next couple of days will be telling.
BYND, keep a look outPrevious resistance line is being tested as a support line. Price action is also moving closer to the bullish trend line. Break of both lines would be a good sign to short.
Use risk management as always.
Thank you for reading.
Bullish Bias Expect BYND to bounce from 0.5 fib level and form an ABC correction during market volatility period before continuing to the upside target on the chart
Set stop loss limit and re-enter once the correction is completed and ride the impulsive wave!
$BYND EARNIGS Looks like good time to enter here!
Target 1 : $168
Target 2 : $180
Target 3 : $195
Target 4 : $240
19th Feb 2021 : $165 calls ask : 22.40
19th Feb 2021 : $190 calls ask : 12.80
